Akamai Technologies (AKAM) Given Media Sentiment Score of 0.12
Headlines about Akamai Technologies (NASDAQ:AKAM) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Akamai Technologies earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the technology infrastructure company an impact score of 46.3538813677416 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Vivo IPL Cricket Final Is a Record-Breaker for Hotstar and Akamai (sportsvideo.org)
- Panelists: Zero Trust Model Ripe for Data, Election Security (meritalk.com)
- Akamai Technologies, Inc. (AKAM) Short Interest Update (americanbankingnews.com)
- Former Akamai CEO Paul Sagan Joins Moderna’s Board of Directors (bizjournals.com)
- Financial Services Cybersecurity Systems and Services Market Size will Escalate Rapidly in the Near Future (openpr.com)
A number of brokerages have recently issued reports on AKAM. BidaskClub lowered Akamai Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday. TheStreet raised Akamai Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, May 9th. JPMorgan Chase & Co. raised Akamai Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $44.65 to $75.19 in a research report on Friday, March 9th. Credit Suisse Group reissued an “outperform” rating and set a $88.00 price target (up from $78.00) on shares of Akamai Technologies in a research report on Friday, March 9th. Finally, Craig Hallum reissued a “buy” rating and set a $91.00 price target (up from $84.00) on shares of Akamai Technologies in a research report on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Akamai Technologies currently has a consensus rating of “Buy” and a consensus target price of $73.91.
Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Monday, April 30th. The technology infrastructure company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.09. The company had revenue of $669.00 million during the quarter, compared to the consensus estimate of $654.37 million. Akamai Technologies had a return on equity of 10.04% and a net margin of 7.46%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. sell-side analysts forecast that Akamai Technologies will post 2.45 earnings per share for the current fiscal year.
Akamai Technologies announced that its board has initiated a stock repurchase program on Thursday, March 8th that authorizes the company to buyback $417.00 million in shares. This buyback authorization authorizes the technology infrastructure company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.
In other news, insider Rick M. Mcconnell sold 12,618 shares of the company’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $69.76, for a total transaction of $880,231.68. Following the completion of the sale, the insider now owns 32,434 shares in the company, valued at approximately $2,262,595.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William Wheaton sold 7,500 shares of the company’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $71.00, for a total value of $532,500.00. Following the sale, the insider now owns 32,213 shares of the company’s stock, valued at approximately $2,287,123. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,879 shares of company stock valued at $3,600,647. 3.20% of the stock is currently owned by corporate insiders.
Akamai Technologies Company Profile
Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers Web and mobile performance solutions, such as Ion, a situational performance solution; Dynamic Site Accelerator that helps in consistent Website performance; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website; and Global Traffic Management, a fault-tolerant solution.
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